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Insurance through the Owner-Operator Independent Drivers Association

Insurance Through the OOIDA

The Owner-Operator Independent Drivers Association (OOIDA) is an international trade association representing independent owner-operators and professional drivers on all issues that affect truckers.

You can see the OOIDA logo at the bottom of our Web site – Bud and Tony’s Truck Parts is a proud member.

One of the best features of a recognized trade organization is its ability to obtain group rates on insurance premiums.

If you were to go out on your own for trucking liability insurance or disability coverage, you would be quoted individual rates, which are much higher than group rates.

If you become a member of the OOIDA ($45 membership fee annually), you gain access to insurance rates through the association.

Truck Insurance

Primary Liability: This insurance fulfills the legal obligations of owner-operators with their own authority or who are hauling exempt commodities (exempt commodities are things that have not been processed in any way such as fresh produce).

Basically, this insurance covers you if you are sued by someone for something that happens during the course of your work as an owner-operator.

General Liability: General liability insurance protects you against liability claims for bodily injury and property damage arising out of premises, operations, products and completed operations. This also covers advertising and personal injury liability. This is the kind of coverage that protects you against slip-and-fall-type claims. Someone is injured on your property (or in connection to it) and files a claim against you.

Physical Damage: This is just like the physical damage coverage you have on your regular vehicles. It covers loss or damage to your insured vehicle caused by a collision, fire, theft or vandalism on an “actual cash value basis.”

Actual cash value is the amount equal to the replacement cost minus depreciation of  damaged or stolen property at the time of the loss.

This kind of insurance can also reimburse you for down-time due to covered damages.

There are many other features available within truck insurance policies through the OOIDA. Read more about them here. 

Other Coverages

Occupational Accident Plans: If you are a self-employed owner operator, you are not covered by a Workers’ Compensation policy. If you have employees, you may be required to carry Workers’ Compensation for them.

The OOIDA has (3) three occupational accident plans for owner-operators or drivers who are not required by law to carry statutory workers’ compensation. These plans offer coverage for accidental medical and dental expenses, disability income, accidental death and dismemberment. Additional benefits include travel assistance, identity theft resolution services, as well as limited medical, dental and accidental death and dismemberment benefits for non-occupational accidents.

Note – this is not Workers’ Compensation coverage – this is coverage for you.

Disability Coverage: Disability coverage is income replacement insurance. If you are injured and cannot work, disability pays a weekly benefit. Total disability can pay benefits for up to 52 weeks. It doesn’t matter how you were injured (on or off the job), disability coverage is insurance for income lost when you cannot work.

Accidental Death and Dismemberment: Yes, this is a morbid title, but this insurance exists to pay your beneficiaries should you be killed or dismembered in an accident. Membership in the OOIDA comes with $1,000 of this coverage with the ability to purchase higher amounts.

Life Insurance: Term life insurance plans are available to OOIDA members and their spouses/domestic partners. With a term life policy, you decide how long the policy term lasts – 10, 20, 30 years and so on. If you die during that term, your beneficiaries will receive payment. Rates are based on age and the amount of coverage requested. If the term ends, you need to renew the policy or purchase a new one.

Vision and Dental: Many health insurance policies do not include dental or vision care. OOIDA members have access to (2) two dental plans and one vision plan.

Just to be clear – joining the OOIDA does not mean you have enrolled in any of these insurance plans – it just gives you an opportunity to purchase coverage at a much lower rate than if you were to do so as an individual.

You can learn more about the OOIDA and all its benefits for truckers at

Side note: Members receive 5% off orders at Bud and Tony’s Truck Parts!

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